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PSEC Update: August 2021

PSEC Update: August 2021

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BDC Buzz
Aug 25, 2021
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PSEC Update: August 2021
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Summary

  • PSEC reported just below its base-case projections mostly due to another decline in recurring interest income partially driven by a lower portfolio yield mostly offset by higher-than-expected ‘other income’.

  • There was another decline in CLO residual income and dividend income remains lower-than-expected (only $1.4 million) especially given 21% of …

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